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    1090 New London Ave Cranston, RI 02920

    Sponsored
    For Sale
    $187,500

    Prime Cranston location, 3-story office building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional three-story, 13,000 square foot office building, constructed in 1987, is situated on a prime Cranston, Rhode Island location near Garden City. The property boasts 50 parking spaces and is conveniently located near Routes 95 and 295, as well as Oaklawn Avenue, and is on a bus line, ensuring easy accessibility. The building features five sunny suites, each with oversized windows, a large reception and waiting area, a break room, two bathrooms, and a laundry room. A significant highlight is the second-floor suite, offering over 1,800 square feet of usable space ideal for office, dental, or medical practices. Furthermore, a large, private, secured storage area is located on the third floor. The building is well-maintained and includes an elevator. This property is priced below assessed value, and seller financing may be available to qualified buyers. All offers will be considered. The building consists of one structure with three stories and is situated on a 13,000 square foot lot. This is a unique opportunity to acquire a versatile and well-located commercial property.

    Property Features for 1090 New London Ave

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • $187,500 asking price.
    • 13,000 SF lot, 3‑story, 1987‑built office building.
    • 50 parking spaces.
    • Located at 1090 New London Ave, Cranston, RI 02920, near Garden City, with easy access to Routes 95 and 295.
    • Features five suites, a large reception/waiting area, break room, two bathrooms, and laundry facilities. Includes a large private storage area. Seller financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Craig E. Elice, ... Pediatric Dentist Pediatric Dentistry Limited Pediatric Dentist Advanced Cosmetic Dentistry: ... Dental Implants Periodontist Lasser Steven D ... Pediatric Dentist Advanced Cosmetic Dentistry: ... Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4760876
    Latitude
    41.7390953

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    FAQs

    What type of property is this?
    Medical office - Prime Cranston location, 3-story office building
    Where is this medical office located?
    The property is located at 1090 New London Ave Cranston, RI.
    What is the asking price?
    The asking price for this property is $187,500.
    What are key features of this property?
    This property features: $187,500 asking price.; 13,000 SF lot, 3-story, 1987-built office building.; 50 parking spaces.
    Request Owner's contact information
    1090 New London Ave Cranston, RI 02920
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1090 New London Ave Cranston, RI 02920
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